Pandemic s cargo crunch has put food security in the spotlight
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Pandemic s cargo crunch has put food security in the spotlight
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
ESPO stresses the importance of restoring stability and reliability in container trade
Reacting to the current disruptions in the international container trade, the European Sea Ports Organisation (ESPO) stresses the importance of restoring the stability in the market, increasing the schedule reliability, as well as guaranteeing the continuity and fluidity of supply chains. The efforts of all stakeholders in the supply chain are needed to support the recovery of trade.
As a consequence of the outbreak of the global pandemic in the beginning of 2020 and the corresponding temporary disruptions and decline in trade of consumer goods, the liner shipping sector decided to take vessels out of the market to reduce their capacity. Over summer, container traffic volumes have been returning to normal levels and even booming afterwards. The container imbalance and the reduction of capacity in liner shipping has seriously impacted the shippers and freight forwarders. Schedule reliability has b